Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls

Hormuz Bypasses Maxed Out: Saudi East-West Pipeline Hits Record 7 MMb/d, As UAE Fujairah Crude Loadings Reach Capacity The ramp up in Saudi Arabia's Hormuz-bypassing East-West pipeline has been nothing short of remarkable. Two days after we reported that flow through the pipeline which crosses Saudi Arabia east to west for oil flows (hence the name) and is also known as the Abqaiq-Yanbu pipeline for nat gas flows had doubled from roughly 1.5 million before the war, today Bloomberg updates on the latest flow numbers and it now appears that the...

Trucking Stocks Tumble As Supreme Court Ruling Risks "Extinction Event" For Freight Brokers The US Supreme Court ruled late Thursday morning that freight brokers can face state-law negligent hiring claims when they hire unsafe trucking firms that later cause crashes. FreightWaves founder Craig Fuller responded to the ruling on X, saying,  OMG, this is the most pivotal moment in trucking history since Deregulation. It could be an extinction event for 30-50% of all freight brokers. OMG, this is the most pivotal moment in trucking history since Deregulation. It could be an extinction event for...

President Trump said on Wednesday that the Memorandum of Understanding (MoU) between Washington and Tehran was “not final” and warned the US could return to “dropping bombs” on Iran if the country “didn’t behave.” “It’s a Memorandum of Understanding. If I don’t like it, if they don’t behave, we’ll go right back to dropping bombs […]